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LIMA, July 28- Southern Copper Corp said on Tuesday its net income dropped 12.6 percent drop in the first half of the year due to the slump in global metal prices, but it said it was well-positioned to weather the "temporary downturn". "Even though the current economic scenario is affecting metal prices, we believe this is a temporary headwind that will eventually...

LIMA, Peru— Peru's government on Monday ordered telecommunications companies to grant police warrantless access to cellphone users' locations and other call data in real time and store that data for three years, a decree that civil libertarians called an unconstitutional invasion of privacy. The government published the legislative decree on a national...

July 17- U.S. exports of refined petroleum products to Latin America have soared over the past decade as strong economic growth in the region boosted demand while inadequate refinery investment limited supply. *Last year, it had pledged to invest $2.8 billion in refinery upgrades. *State-run oil company Petrobras hopes to boost the crude processing capacity of...

RIO DE JANEIRO, July 8- Brazil's state-run oil company Petrobras hopes to boost the crude processing capacity of its newest refinery 62 percent to as much as 120,000 barrels per day in the second half of this year, the company's refining chief said Wednesday. Petroleo Brasileiro SA, as Petrobras is formally known, plans to start testing higher processing levels...

SEOUL, June 3- South Korea's SK Innovation Co Ltd has signed a contract to sell its 11.1 percent stake in Peruvian natural gas transporter Transportadora de Gas del Peru for $251 million, the company said in a statement on Wednesday. A 3.94- percent stake is being sold to Spanish utility Enagas, with the remaining 7.25 percent going to Habanera, a Canadian...

LIMA, June 1- A dockworkers strike at Peru's biggest port, Callao, has hit imports of basic goods in the Andean country and will likely stoke inflation, the main exporters association said Monday. The 18- day strike has nearly frozen activities at the northern terminal of Callao at the edge of the capital Lima, prompting $100 million in lost revenues for merchants,...

LIMA, May 11- Peru's energy and mines minister said on Monday that she has halted talks with Southern Copper Corp over its stalled $1.4 billion Tia Maria project until the miner explains its role in possible "wrongdoing." The government has also summoned German Larrea, the chief executive of Southern Copper's parent company, Grupo Mexico, to the capital Lima to...

RIO DE JANEIRO, April 24- Petrobras' decision to take a massive $17 billion write-down to account for overvalued assets and corruption-related costs is only the start of a broad overhaul needed to revive Brazil's troubled state-owned oil company. While many have focused on the $2.1 billion, or 12 percent of the write-down, related to money siphoned off in a...

RIO DE JANEIRO, April 24- Petrobras' decision to take a massive $17 billion write-down to account for overvalued assets and corruption-related costs is only the start of a broad overhaul needed to revive Brazil's troubled state-owned oil company. While many have focused on the $2.1 billion, or 12 percent of the write-down, related to money siphoned off in a...

LIMA, April 23- The poverty rate in Peru edged down 1.2 percentage points to 22.7 percent last year, official data showed on Thursday, amid the country's worst economic slowdown in five years. In the previous six years, Peru's poverty rate fell by an annual average of 3 percentage points as economic growth in Peru, the global minerals exporter, surged on high...

SANTIAGO, April 20- When Antofagasta Chief Executive Diego Hernandez took the stage at the world's biggest copper conference last week, he talked about the growing risks mining companies face from rising worker salaries in South America due to staff shortages and strong unions. Last year, Antofagasta agreed to four-year contracts, including pay increases...

BRASILIA, March 10- A former Petrobras executive told a congressional hearing in Brazil on Tuesday that the ruling political party received up to $200 million skimmed from contracts with the state-run oil company, reiterating claims made in plea bargain testimony. Pedro Barusco, a former executive at Petrobras' services division, said he had received...

SYDNEY, Feb 25- Australia and the United States, two of the world's biggest wheat exporters, are racing to become mass producers of the South American "super food" quinoa and tap a gluten-free market expected to be worth more than $6 billion by 2018.. "We have been growing quinoa for about five years now, and as the market has grown, there is little shortage of other...